The CPI inflation is projected at 5.4 per cent for 2023-24, with Q2 at 6.2 per cent, Q3 at 5.7 per cent and Q4 at 5.2 per cent, with risks evenly balanced. CPI inflation for Q1:2024- 25 is projected at 5.2 per cent.
August 11, 2023Nagaraj Shetti, Technical Research Analyst, HDFC Securities said the short term trend of Nifty remains negative. The present upmove could encounter strong hurdles around 19,600-19,650 levels in the coming sessions. Immediate support is at 19,400 levels.
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